After Signing On The Dotted Line

After Signing On The Dotted Line

Here's what comes next in NC....

Timelines are approximate. Actual dates will be finalized during/after the offer process. Step 1 The Offer Have earnest money check and due diligence fee check and pre-approval letter ready. This is when the timeline will be established. Step 2 Loan Application You do not need to use the lender on your pre-approval letter. You can shop rates, but choose quickly, and proceed with the application. Step 3 Homeowner’s Insurance Call your current insurance company or ask your agent for a recommendation. Compare rates and coverage with other insurance companies. The insurance company will order a “Clue Report” to find past claims on the property. Step 4 Inspections We strongly recommend home, termite, radon and, where applicable, well and septic inspections. Some loans require some of these inspections. These must be ordered quickly to be completed during the due diligence period with enough time to ask for repairs, if applicable. Step 5 Repairs Your inspector(s) will issue inspection reports. Use these to choose which repairs to request of the seller. Be prepared for issues with plumbing, electrical, HVAC, foundation and insulation. Step 6 Land Survey Surveys are highly recommended. They are ordered by the closing attorney at your request. Step 7 Title Search Your closing attorney will order a title search. This will show any liens or other clouds on the property. Step 8 Appraisal The appraisal is ordered by the lender. Homes in this market generally appraise for very close to the contract price. Step 9 Walkthrough This step is typically done, if desired, a day or so before closing. This is an opportunity for you to do a final visual inspection of the property. Step 10 Settlement Settlements are handled by the closing attorney. You’ll need to deliver the funds for closing by certified check. You will also need your photo ID. At the settlement you will sign your documents and, most of the time, receive your keys. FINAL STEP Closing The closing is complete when the attorney records the deed that puts the property legally in your name. Some sellers, particularly on foreclosed properties, will not allow keys to transfer to you until closing occurs.Get started today finding your new home.

About Grow Local Realty

Grow Local Realty is a full service Raleigh NC Real Estate Company servicing Raleigh, Durham, Cary, Apex, Holly Springs, Clayton, Fuquay Varina, Garner, Wake Forest, Chapel Hill and all other Triangle areas including all of Wake County, Johnston County, Durham County, Orange County, Chatham County and Harnett County. We are dedicated to extraordinary customer service and are here to represent you with your next home purchase or the sale of your current home. Allow one our fantastic agents to assist you with your Raleigh NC Real Estate search.

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Testimonials

"My husband and I decided we wanted to buy our first home and we started looking online for homes and started calling a few realtors. Some of which were not very professional, and did not really go at the fast pace we were wanting. I found myself being uninformed, stressed, and with little homes available. That is until, thankfully, my husband and I met Kim, and the buying process changed completely. At first, Kim met with us to see a house at our convinent time, and she already had a few more houses ready for us to go see. This impressed me a lot since other realtors would only show what I requested. Kim is an upmost professional realtor. She went over lots of information we had no clue about, and she communicates at all times, and answers all questions at any time. She really had our family's best interest at heart. I know other realtors we talked with just wanted us to check THEIR website for available homes. Kim NEVER dropped the ball on us and always worked so hard doing above and beyond what we expected. She wanted us to really love our home. We had lots of bumps in the road regarding different aspects of our loan and Kim really helped fix all of those and really made the process go smoothly. If you are looking for a professional, hard working, agent, I would totally recommend Kim! She really goes the extra mile for her clients. "